Anaam pens $42.66mln facility deal with Alinma Bank

The 10-year funding aims to finance part of the purchase value of a commercial building located in Jeddah on Prince Sultan street

Staff Writer, Mubasher

April 20, 2022

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Riyadh – Anaam International Holding Group has signed a Sharia-compliant facility agreement worth SAR 160 million with Alinma Bank.

The 10-year funding aims to finance part of the purchase value of a commercial building located in Jeddah on Prince Sultan street, according to a recent bourse disclosure.

The loan is secured by a mortgage of the commercial project.

It is worth noting that Anaam inked a non-binding memorandum of understanding (MoU) worth SAR 325 million to fully acquire a private office building in Jeddah last February.

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